STION TWO trial balance of Nwabingya South Lada Income Surplus 01/01/2014 P and Machinery Cast Acced Deprecia Plan and Machinery Trade Receivables and Payable Ivory 01/01/2014 Tamevereschaling Sales returns of CH82,000) Priting and Stationery Gen Pen for desubtfuldebes 01/01/2014 10% Back Loan repayment in 2020 mlading return outwards of all 150 Selling and Dietribution expenses Adminive Expenses mon lout f6 31 December 2014 was as follows GHS 155,000 30,000 10,000 10,000 60,000 40,000 15,000 1,600 325.000 se rep and Dribution expewing amoussed to CHS4,000 31 December 2014 was valued at 12.000 Scanned by TapScanner Aditive ex of 6000 p V Deposition is to be provided fe plaadinery a 10% hased in balance method Dividend of CS1,450 was declared by the directors and th be paid in the year end VIE Nwabingya South Lad produces solely for the export market and acts comport as at the rate of 8% vill. The accountant and the sales ledger clerk met on 31 December 2014. The sales ledger clerk reported that in his opinion GHS2,000 and GHS 1,500 owed by Abikuma and Malin Lankwantin respectively were bad. Again, he further insidered debts of GHS1000, GHS900, and GHS2,500 to Techie; Nungua and Achimets respectively as doobtul The mag board agreed to the comments of the sales lodger clerks as above and decided that they should write off the bad debts, make a specific provision for all doubtfial debts and a provision of 3% of the remainder as at 31 December 2014 You are required to prepare The Comprehensive Income State and Income Surplus Statement for the year ended 31 December 2014 15mark The Statement of Financial Pmition as at 31 December 2014 Smarks GHS 20,000 80,000 50,000 5,000 150,000 2,000 18,000 325.000 The trial balance of Nwabiagya South Lad as at 31 December 2014 w GHS Income Surplus 01/01/2014 Suted Capital P and Machinery Con 155,000 ated Depreciation Plan and Machinery Trade Receivables and Payables 30,000 Inventory 01/01/2014 10,000 Bank 3,400 Tumover exclaling Sales retums of GHS2,000) Printing and Stationery 10,000 Gen Prev for doubtful debes 01/01/2014 10 Bank Loan repayment in 2020 Peshases (excluding return outwards of Selling and Distribution expenses Administrative Expenses To loan GHS 20,000 80,000 50,000 5.000 150,000 2,000 18,000 325,000 60,000 40,000 15,000 1,600 325,000 Selling and Duttbutin expowing amounted to GH54,000 31 December 2014 was valued at $12,000 Scanned by TapScanner Administrative expenses of Gre Depreciation is to be provided for pandhinery 10% hand on ring balance method Interim Dividend of GHS1,450 was declared by the dices and this was be paid at the year end VIL Nwabingya South Lad produces solely for the export market and acco tax at the rate of 8% The accountant and the sales ledger clerk met on 31 December 2014. The sales ledger clerk reported that in his opinion GHS2,000 and GHS 1,500 owed by Ablekuma and Madina Lankwantanian respectively were bad. Again, be further considered debts of GHS1,000: GHS900; and GHS2,500 to Techie; Nungua and Achimota respectively an doubl The management board agreed to the comments of the sales lodger clerks as above and decided that they should write off the bad debts, make a specific provision for all doubtful debts and a mal provision of 5% of the remainder as at 31 December 2014 You are required to prepare The Comprehensive Income Statement and Income Surplus Statement for the year ended 31 December 2014 15marks The Statemere of Financial Position as at 31 December 2014 Smarks STION TWO trial balance of Nwabingya South Lada Income Surplus 01/01/2014 P and Machinery Cast Acced Deprecia Plan and Machinery Trade Receivables and Payable Ivory 01/01/2014 Tamevereschaling Sales returns of CH82,000) Priting and Stationery Gen Pen for desubtfuldebes 01/01/2014 10% Back Loan repayment in 2020 mlading return outwards of all 150 Selling and Dietribution expenses Adminive Expenses mon lout f6 31 December 2014 was as follows GHS 155,000 30,000 10,000 10,000 60,000 40,000 15,000 1,600 325.000 se rep and Dribution expewing amoussed to CHS4,000 31 December 2014 was valued at 12.000 Scanned by TapScanner Aditive ex of 6000 p V Deposition is to be provided fe plaadinery a 10% hased in balance method Dividend of CS1,450 was declared by the directors and th be paid in the year end VIE Nwabingya South Lad produces solely for the export market and acts comport as at the rate of 8% vill. The accountant and the sales ledger clerk met on 31 December 2014. The sales ledger clerk reported that in his opinion GHS2,000 and GHS 1,500 owed by Abikuma and Malin Lankwantin respectively were bad. Again, he further insidered debts of GHS1000, GHS900, and GHS2,500 to Techie; Nungua and Achimets respectively as doobtul The mag board agreed to the comments of the sales lodger clerks as above and decided that they should write off the bad debts, make a specific provision for all doubtfial debts and a provision of 3% of the remainder as at 31 December 2014 You are required to prepare The Comprehensive Income State and Income Surplus Statement for the year ended 31 December 2014 15mark The Statement of Financial Pmition as at 31 December 2014 Smarks GHS 20,000 80,000 50,000 5,000 150,000 2,000 18,000 325.000 The trial balance of Nwabiagya South Lad as at 31 December 2014 w GHS Income Surplus 01/01/2014 Suted Capital P and Machinery Con 155,000 ated Depreciation Plan and Machinery Trade Receivables and Payables 30,000 Inventory 01/01/2014 10,000 Bank 3,400 Tumover exclaling Sales retums of GHS2,000) Printing and Stationery 10,000 Gen Prev for doubtful debes 01/01/2014 10 Bank Loan repayment in 2020 Peshases (excluding return outwards of Selling and Distribution expenses Administrative Expenses To loan GHS 20,000 80,000 50,000 5.000 150,000 2,000 18,000 325,000 60,000 40,000 15,000 1,600 325,000 Selling and Duttbutin expowing amounted to GH54,000 31 December 2014 was valued at $12,000 Scanned by TapScanner Administrative expenses of Gre Depreciation is to be provided for pandhinery 10% hand on ring balance method Interim Dividend of GHS1,450 was declared by the dices and this was be paid at the year end VIL Nwabingya South Lad produces solely for the export market and acco tax at the rate of 8% The accountant and the sales ledger clerk met on 31 December 2014. The sales ledger clerk reported that in his opinion GHS2,000 and GHS 1,500 owed by Ablekuma and Madina Lankwantanian respectively were bad. Again, be further considered debts of GHS1,000: GHS900; and GHS2,500 to Techie; Nungua and Achimota respectively an doubl The management board agreed to the comments of the sales lodger clerks as above and decided that they should write off the bad debts, make a specific provision for all doubtful debts and a mal provision of 5% of the remainder as at 31 December 2014 You are required to prepare The Comprehensive Income Statement and Income Surplus Statement for the year ended 31 December 2014 15marks The Statemere of Financial Position as at 31 December 2014 Smarks